1.05 ACRES ZONED 15 DU/ACRE WITH EXISTING HOUSE

Transcription

1 County of San Diego Jurisdiction Zoned for Maximum of 15 Units (Multi-Family) or 5 to 6 Lots (Single Family) San Marcos Unified School District Existing House is 1,508 SF ASKING PRICE: $649,000 University Dr S Santa Fe Ave Shadowridge Dr Kaiser Permanente Thibodo Rd Sycamore Ave 326 PLUMOSA AVENUE Plumosa Ave

2 PAGE CONTENT 3 AERIALS 6 LOCATION MAP 7 PROPERTY INFO 8 PLAT MAP 9 NEW HOME SALES COMPARABLES 11 DEMOGRAPHICS 12 DISCLOSURE No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 2

3 AERIALS 326 PLUMOSA AVENUE Primrose Ave Plumosa Ave Sunflower Terrace N 3

4 AERIALS Sycamore Ave 326 PLUMOSA AVENUE Poinsettia Ave Plumosa Ave S Santa Fe Ave N 4

5 AERIALS Sprinter 326 PLUMOSA AVENUE S Santa Fe Ave Mimosa Ave Joli Ann Leichtag Elementary School Oleander Ave Sycamore Ave University Dr N 5

6 LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE CARLSBAD SUBJECT PROPERTY SAN MARCOS ENCINITAS PALOMAR AIRPORT CAL STATE SAN MARCOS ESCONDIDO Plumosa Ave N SOLANA BEACH DEL MAR POWAY Shadowridge Dr Sycamore Ave SUBJECT PROPERTY S Santa Fe Ave Oleander Ave La Mirada Dr 6

7 PROPERTY INFO Location: Located at 326 Plumosa Avenue in Vista, California, the property features expansive views while maintaining immediate proximity to commercial and retail developments that include: grocery, restaurants, and shopping. Approximately less than a mile north of Highway 78, this site will provide commuters with quick, convenient access and a short drive to all of San Diego, Orange & Riverside Counties. Plumosa Ave Jurisdiction: County of San Diego Vista Sphere of Influence APN #: & Acreage: Topography: Zoning: General Plan: Max Density: Min. Lot Size: Existing Home: 1.05 Acres Flat RU (Residential - Urban) Click Here to View Zoning Ordinance Summary Click Here to View Zoning Uses Click Here to View Development Standards Zoning allows attached or detached housing VR-15 (Village Residential) Click Here to View Click Here to View General Plan Land Use 15 Dwelling Units Per Acre 6,000 SF 1,508 Square Foot Single Family Residence School District: San Marcos Unified School District Joli Ann Leichtag Elementary School API San Marcos Middle School API San Marcos High School API Services: Water Vista Irrigation District Sewer Buena Sanitation District Gas/Electricity SDG&E Fire Vista Fire Protection Dist. Police SD County Sheriff s Dept. Asking Price: $649,000 Project Status: Unentitled, but potential for multi-family units or 5 to 6 single family lots. 7

8 PLAT MAP 8

9 ATTACHED NEW HOME SALES COMPARABLES COMPARABLE HOME SALES Project Builder Master Open Product Min Unit Max Unit Min Max Min Max Total Units Total Units Total Sales Sale Rate Zip Name Name City Plan Date Type Size Size Price Price $/SF $/SF Planned Sold Remaining Rate L3M Code Preserve/Acacia Cornerstone Communities Carlsbad - 2/10/2018 Attached 1,934 2,011 $687,990 $719,990 $ $ Preserve/Agave Cornerstone Communities Carlsbad - 11/12/2016 Attached 1,420 1,681 $569,990 $654,990 $ $ Preserve/Blue Sage Cornerstone Communities Carlsbad - 2/10/2018 Attached 1,533 1,835 $589,990 $662,990 $ $ Citron William Lyon Homes Escondido - 7/7/2018 Attached 1,130 1,564 $395,990 $450,990 $ $ Brisas at Pacific Ridge Cornerstone Communities Oceanside Pacific Ridge Rancho Del Oro 1/16/2017 Attached 1,499 1,806 $531,990 $592,990 $ $ Hideaway at St. Cloud William Lyon Homes Oceanside - 7/14/2018 Attached 1,578 1,844 $495,990 $572,990 $ $ Lucero at Pacific Ridge Cornerstone Communities Oceanside Pacific Ridge Rancho Del Oro 4/29/2017 Attached 1,563 1,824 $487,990 $555,990 $ $ Rancho at Mission Lane Beazer Homes Oceanside Mission Lane 12/23/2017 Attached 1,233 1,826 $430,990 $524,990 $ $ Tides City Ventures Oceanside - 7/15/2018 Attached 1,219 1,814 $549,990 $649,990 $ $ Vela in Mission Lane Beazer Homes Oceanside Mission Lane - Attached 1,545 1,826 $499,990 $524,990 $ $ Anden ColRich Communities San Marcos - 7/7/2018 Attached 1,235 1,486 $480,000 $505,000 $ $ Avila Lennar Vista - 10/1/2018 Attached 1,743 1,977 $531,900 $549,900 $ $ ATTACHED RESALE HOME SALES COMPARABLES CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$538,924 $399,888 $465,255 $440,477 SP:$538,924 $415,000 $465,697 $433,380 RESIDENTIAL - Sold Number of Properties: 5 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP PrcSqft SP PrcSqft SOLD TOWNH 397 Mission Villas Rd SAN MARCOS (92069) 2 3 2/27/2018 1,105 2 $421,990 $ $426,184 $ SOLD TOWNH 389 Mission Villas Rd SAN MARCOS (92069) 2 3 1/12/2018 1, $440,477 $ $433,380 $ SOLD TOWNH 361 Mission Terrace Ave SAN MARCOS (92069) 3 3 2/2/2018 1, $538,924 $ $538,924 $ SOLD ATT 1627 Waterlily Way SAN MARCOS (92078) 2 3 5/3/ ,548 1,091 9 $399,888 $ $415,000 $ SOLD ATT 1665 Waterlily Way SAN MARCOS (92078) 3 3 6/21/2018 1, $499,000 - $525,000 $ $515,000 $ Avg $465,256 $ $465,698 $ Min $399,888 $ $415,000 $ Max $538,924 $ $538,924 $ Med $440,477 $ $433,380 $

10 DETACHED NEW HOME SALES COMPARABLES COMPARABLE HOME SALES Project Builder Master Open Product Typical Lot Min Unit Max Unit Min Max Min Max Total Units Total Units Total Sales Sale Rate Zip Name Name City Plan Date Type Lot Size Dimension Size Size Price Price $/SF $/SF Planned Sold Remaining Rate L3M Code S.L. Rey California West Communities Bonsall - 3/3/2018 Detached 6,000-2,029 3,239 $641,900 $685,900 $ $ Andalucia CalAtlantic Homes Escondido Harmony Grove Village 5/30/2015 Detached 5,460 42x130 2,980 3,640 $695,900 $740,900 $ $ Cavalli Lennar Escondido Harmony Grove Village 7/27/2018 Detached 4,000-2,686 3,054 $649,900 $745,900 $ $ Estancia Bernardo Ambient Communities Escondido - 12/2/2017 Detached 10,000-2,615 2,925 $735,625 $757,448 $ $ Heritage Collection at Canyon Grove Shea Homes Escondido - 11/12/2016 Detached 10,000-2,325 3,402 $729,230 $851,153 $ $ Lexington KB Home Escondido - 8/6/2016 Detached 10,000-2,221 3,192 $655,990 $693,990 $ $ Seabreeze CalAtlantic Homes Escondido Harmony Grove Village 5/30/2015 Detached 3,600 36x100 2,185 2,783 $656,900 $689,900 $ $ Whittingham Lennar Escondido Harmony Grove Village 12/16/2017 Detached 10,000-3,183 4,155 $875,900 $911,900 $ $ Francia at Mission Lane Beazer Homes Oceanside Mission Lane 7/29/2017 Detached 4,900 50x80 2,348 2,665 $662,990 $705,490 $ $ Pepper Tree at Mission Lane Beazer Homes Oceanside Mission Lane 7/29/2017 Detached 2,400 40x60 1,790 2,157 $557,990 $619,990 $ $ Montessa CalAtlantic Homes San Marcos - 5/13/2017 Detached 7,500-3,017 3,449 $816,900 $840,900 $ $ DETACHED RESALE HOME SALES COMPARABLES CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$889,900 $816,900 $846,614 $833,300 SP:$932,957 $799,000 $838,011 $828,000 RESIDENTIAL - Sold Number of Properties: 7 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP PrcSqft SP PrcSqft SOLD DET 138 Montessa Way SAN MARCOS (92069) 5 4 9/21/2018 6,378 3, $816,900 $ $816,724 $ SOLD DET 103 Montessa Way SAN MARCOS (92069) /16/2018 6,282 3, $819,900 $ $799,000 $ SOLD DET 109 Montessa Way SAN MARCOS (92069) 5 4 7/16/2018 6,378 3, $830,500 $ $804,900 $ SOLD DET 126 Montessa Way SAN MARCOS (92069) /1/2018 3, $833,300 $ $828,000 $ SOLD DET 150 Montessa Way SAN MARCOS (92069) /9/2018 6,282 3, $862,900 $ $850,000 $ SOLD DET 132 Montessa Way SAN MARCOS (92069) /30/2018 6,282 3, $872,900 $ $834,500 $ SOLD DET 151 Montessa Way SAN MARCOS (92069) 5 4 7/16/2018 9,677 3,017 9 $889,900 $ $932,957 $ Avg $846,614 $ $838,012 $ Min $816,900 $ $799,000 $ Max $889,900 $ $932,957 $ Med $833,300 $ $828,000 $

11 326 Plumosa Ave Vista, CA mi radius 3 mi radius 5 mi radius RS1 DEMOGRAPHICS POPULATION HOUSEHOLDS RACE AND ETHNICITY 2018 Estimated Population 16, , , Projected Population 17, , , Census Population 15,736 89, , Census Population 13,855 78, ,059 Projected Annual Growth 2018 to % 0.5% 0.5% Historical Annual Growth 2000 to % 1.5% 2.1% 2018 Median Age Estimated Households 5,237 33,537 86, Projected Households 5,456 34,851 90, Census Households 4,907 30,038 77, Census Households 4,399 26,793 64,352 Projected Annual Growth 2018 to % 0.8% 0.8% Historical Annual Growth 2000 to % 1.4% 1.9% 2018 Estimated White 54.6% 61.1% 63.8% 2018 Estimated Black or African American 3.8% 3.4% 3.3% 2018 Estimated Asian or Pacific Islander 7.3% 8.8% 8.5% 2018 Estimated American Indian or Native Alaskan 0.9% 0.8% 0.8% 2018 Estimated Other Races 33.3% 26.0% 23.5% 2018 Estimated Hispanic 50.6% 39.9% 39.3% INCOME EDUCATION (AGE 25+) BUSINESS 2018 Estimated Average Household Income $83,460 $91,950 $102, Estimated Median Household Income $67,223 $73,216 $79, Estimated Per Capita Income $26,107 $30,928 $34, Estimated Elementary (Grade Level 0 to 8) 10.8% 9.3% 9.0% 2018 Estimated Some High School (Grade Level 9 to 11) 6.3% 5.3% 5.5% 2018 Estimated High School Graduate 26.9% 20.9% 20.4% 2018 Estimated Some College 22.8% 21.5% 20.5% 2018 Estimated Associates Degree Only 12.2% 12.6% 11.5% 2018 Estimated Bachelors Degree Only 14.5% 20.3% 22.0% 2018 Estimated Graduate Degree 6.5% 10.1% 11.3% 2018 Estimated Total Businesses 622 4,736 10, Estimated Total Employees 5,574 54, , Estimated Employee Population per Business Estimated Residential Population per Business

12 DISCLOSURE LEE & ASSOCIATES HEREBY ADVISES ALL PROSPECTIVE PURCHASERS AS FOLLOWS: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of real estate, it is the Buyer s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance or value of this property. The value of the property to you depends on factors that should be evaluated by you and your tax, financial, consultants and legal advisors. Buyer and Buyer s tax, financial, legal, consultants and all advisors should conduct a careful, independent investigation of any property to determine to your satisfaction the suitability of the property for your needs. Like all real estate, this property carries significant risks. Buyer and Buyer s consultants, legal and financial advisors must request and carefully review all legal and documents related to the property. Any info provided including fees and costs are not guaranteed and should be verified by Buyer. These figures are subject to change at any time based on market, economic, environmental or other conditions. Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any potential development or use of the property. By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. 12

13 For More Information, Please Contact: CA Lic# CA Lic#